OKEx, one of the world’s top digital currency spot and derivative exchanges, has added support for the governance token of Uniswap UNI on its trading platform. According to the official announcement made by OKEx on September 17, 2020, the Malta-based cryptocurrency exchange has also offered a full suite of trading products as well for this decentralized governance token.
A range of trading products for UNI
The major cryptocurrency exchange has gone all in all on UNI the governance token of the famous decentralized finance (DeFi) protocol Uniswap. OKEx has not only launched spot trading for UNI but it has also announced to launch a complete suite of trading products for it as well. It is the first major cryptocurrency exchange that is providing users a set of trading products for UNI. The range of trading products includes swap trading, margin trading, savings, and swaps.
OKEx has offered three trading pairs for Uniswap’s UNI token. These are UNI/BTC, UNI/ETH, and UNI/USDT. The trading against the stablecoin Tether (USDT) started at 2:30 am UTC on September 17. While on the other hand, the trading of UNI against the top-ranked digital currency Bitcoin (BTC) and Ethereum (ETH) began at 3:30 am UTC on September 17.
Commenting on the listing of the UNI token, the CEO of OKEx Jay Hao said that they are happy about being one of the first cryptocurrency exchanges to add trading support for UNI and also on becoming the first major exchange to offer a full set of trading products. In addition to this, OKEx CEO said:
“We continue to collaborate with participants in the DeFi space to grow this industry together. CEX or DEX, CeFi or DeFi is not a simple single-choice question. The goal of blockchain and DeFi has never been to replace CeFi, but to use its own characteristics of trustlessness, low friction and low costs to make up for the deficiencies of the existing financial system.”
Apart from OKEx, two top cryptocurrency exchanges Binance US and Coinbase Pro have also listed Uniswap’s governance token on their trading platforms as well.